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A down payment is cash in hand. It reduces the risk of bad debt to that extent. It also improves the cash flow to the extent of the down payment received.

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โˆ™ 2005-11-02 14:10:28
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Q: Why do finance companies ask for a down payment?
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Related questions

Where could one get car insurance with a low down payment?

Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment.

When is payment due after buying a car?

Generally a month. Sometimes if you ask your bank or finance company to defer the first payment for an additional month they will.

Which companies provide loan payment protection insurance?

There are many companies that provide loan payment protection insurance policies. Some examples are Farmers Insurance, Cherry Creek Loans, and Ask's website.

Where can one find information about auto transport companies?

Before you make a decision, always check reviews on Facebook, Google.. A genuine company doesn't ask for an upfront payment so do not trust companies who ask for upfront payment. They will ask for payment after schedule your object. For example RCC Auto has a very good repo and cheaper than other rccautotransport. com

Can you repay a gift that was given for down payment on a home?

Ask the person or company if that is an option.

When do the company issues the payment for workmans comp?

That will depend on the accounting practices of individual companies. You need to ask the company itself.

Do debt consolidation companies arrest you for non payment?

No. They will contact you and ask you why you DID NOT make a payment to them. If you are on a very tight budget and can't make that payment, it is understandable for one month. If the second month, that you don't make a payment to them, then your account will be inactive and you will end up paying the creditors yourself.

Do you need a down payment to refinance a car loan?

No. Banks may ask but most lenders do not require a downpayment.

How do you ask for upfront payment?

say can i have an upfront payment please

Who did Columbus ask first to finance his voyage?

bloop :)

What sort of companies still ask for a fax cover letter?

There are many businesses that ask for fax cover letters and it is rather difficult to narrow down just a few. Mainly it is large companies that ask for fax cover letters to communicate effectively within their business.

If a bank has approved the loan do you have to pay a down payment?

that all depends on the loan, the terms of the loan. you need ask the bank not someone on here.

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